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Home Improvement Paybacks

In most cases, the added comfort, convenience and enjoyment home improvements offer may be enough to go ahead with any project, but if there is the possibility you might sell your home within the next two or three years, here are the current paybacks for some of the most common improvements.

Project Cost

Payback

Attic Bedroom

72.9%

Basement Remodel

70.3%

Bathroom Addition

54.8%

Bathroom Remodel

65.2%

Deck Addition (wood)

77.3%

Deck Addition (composite)

67.5%

Entry Door Replacement (fiberglass)

65.9%

Entry Door Replacement (steel)

85.6%

Family Room Addition

63.3%

Garage Addition

63.7%

Garage Door Replacement

75.7%

Home Office Remodel

43.6%

Master Suite Addition

63.2%

Minor Kitchen Remodel

75.4%

Roofing Replacement

62.9%

Siding Replacement (vinyl)

72.9%

Sunroom Addition

46.5%

Window Replacement (vinyl)

71.2%

Window Replacement (wood)

73.3%

One of the worst paybacks is adding a pool, with only a 5-15% payback. Among the best is a new heating system at 100% and air conditioning at 75%.** Your actual payback will depend on a number of factors, including the real estate market, property values, plus the extent of your improvements. For example, don’t expect a high payback if you increase the value of your home beyond the value of other homes in your neighborhood.

Financing Home Improvements

When you need to finance your home improvements, come to Garden State. We can help you choose the best option, whether it’s a low Fixed Rate Home Equity Loan with a repayment term up to 15 years or a Home Equity Line of Credit. For the details, call or stop by the credit union branch nearest you.